Bitcoin news: $75 turns into $200,000 jackpot for lucky BTC miner
CoinDesk
A solo miner turned $75 spent on rented hashrate into a $200,000 Bitcoin block reward jackpot.Summary
A solo Bitcoin miner achieved an extraordinary return by spending approximately $75 to rent 1 petahash per second of computing power via on-demand cloud services and CKPool. This miner successfully validated block 938,092, earning the full 3.125 BTC block reward, valued at over $200,000 at the time. This outcome is statistically rare, akin to winning a lottery, as 1 PH/s is minuscule compared to industrial mining operations. However, solo-mined blocks are becoming slightly more frequent, with 21 recorded in the past year. The availability of cloud hashrate rental has lowered the barrier to entry for such high-risk, high-reward attempts.
(Source：CoinDesk)